Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.

This bill proposes a constitutional amendment that would allow the Texas legislature to set a lower cap on property tax increases for primary residences (homesteads). Specifically, it would let lawmakers limit the maximum appraised value used for property taxes to 105% (or a higher percentage) of the previous year's value, preventing sudden large jumps in tax bills. It directly affects homeowners who qualify for homestead exemptions, particularly those in areas with rapidly rising property values. The amendment must be approved by voters in the November 2025 election to take effect.